Naxicap exits European language service provider Acolad. Private equity fund Qualium Investissement takes minority stake as Acolad CEO’s family reinvests to become majority owner.
Serial acquirer Acolad buys Livewords in a move to further consolidate the language industry in Western Europe.
Slator tracked over 70 language industry M&A transactions and reviewed the next steps founders took after selling their business.
The Slator 2019 Language Service Provider Index features the largest LSPs in a Leaders Index and the midfield in a Challengers Index.
Paris-headquartered Technicis folds 9 of its 12 brands into newly created Acolad Group. After 2018 M&A spree, group’s revenue base now over 2.5 times larger than in 2017.
PE-backed Technicis acquires Finland’s AAC Global, pushes into lucrative Nordic market. Deal marks fourth acquisition in 2018, putting Technicis on track for nearly USD 140 million in 2018 pro-forma revenues.
Language industry deal maker Technicis acquires rival HL Trad in second acquisition in three months. Bringing the France-based, Legal and Financial LSP into its fold lifts Technicis to pro-forma revenues of nearly USD 80m.
Benjamin du Fraysseix, CEO of Technicis, gave his perspective on M&A during a presentation to the SlatorCon London audience in May 2018. Du Fraysseix has been a practitioner of the art and science of M&A, having led the company through multiple acquisitions since 2012.
Senior managers join SOS International, Testronic Laboratories, Translation Probst, and Delingua Language Services.
Another Swiss-based language service provider changes hands as more and more outside competitors move into the high-priced Swiss market. Apostroph CEO Philipp Meier to remain and become shareholder in combined group.
CEO of Zurich-based Supertext relocates to Los Angeles to develop the company’s business with US clients. Revenues increased by 25% this year and are set to hit USD 8m in 2016.
Translation-Probst has a new Managing Director for Switzerland; Craft Translation, a new Director of Vendor Management for the McCann Group in London; and HL Trad, a new Head of Business Development for Germany.
After selling a majority stake to EUR-2bn French private equity firm Naxicap Partners, Paris-based language service provider Technicis enters the Swiss market by acquiring Translation-Probst; projects EUR 32m in revenue for 2016.
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